Homework Answers
Journal entry
| Date | General Journal | Debit | Credit |
| Jan | Work in process | 40515 | |
| Manufacturing overhead (55500*73%) | 40515 | ||
| Feb | Work in process (47400*73%) | 34602 | |
| manufacturing overhead | 34602 | ||
| March | Work in process (73600*73%) | 53728 | |
| manufacturing overhead | 53728 | ||
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Question 14 During the first quarter, Francum Company incurs the following direct labor costs: January $55,500,...
During the first quarter, Carla Vista Company incurs the following direct labor costs: January $58,300, February...
During the first quarter, Carla Vista Company incurs the following direct labor costs: January $58,300, February $48,700, and March $64,500. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 31Feb. 28Mar. 31 Jan. 31Feb. 28Mar. 31...
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the...
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor...
Warner Company purchases $53,700 of raw materials on account,
and it incurs $61,600 of factory labor costs. Supporting records
show that (a) the Assembly Department used $32,900 of raw materials
and $38,000 of the factory labor, and (b) the Finishing Department
used the remainder.
Journalize the assignment of the costs to the processing
departments on March 31.
Brief Exercise 16-2 Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor costs. Supporting records show...
Brief Exercise 17-2 Warner Company purchases $51,300 of raw materials on account, and it incurs $62,800...
Brief Exercise 17-2 Warner Company purchases $51,300 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $32,800 of raw materials and $40,900 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit...
During the current month, Blossom Company incurs the following manufacturing costs. (a) Purchased raw materials of...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the...
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a)...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $18,200 on account. (b) Incurred factory labor of $40.500. Of that amount, $29,000 relates to wages payable and $11.500 relates to payroll taxes payable. (c) Factory utlities of s3,900 are payable, prepaid factory property taxes of $2.640 have expired, and depreciation on the factory building is $8.000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw materials of $18,200 on account. Incurred factory labor of $40,500. Of that amount, $29,000 relates to wages payable and $11,500 relates to payroll taxes payable. Factory utilities of $3,900 are payable, prepaid factory property taxes of $2,640 have expired, and depreciation on the factory building is $8,000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount...
Question 6 Journalize the following transactions for Marigold, Inc. (a) Incurred direct labor costs of $23,700 for 3...
Question 6
Journalize the following transactions for Marigold, Inc.
(a)
Incurred direct labor costs of $23,700 for 3,000 hours. The
standard labor cost was $24,150.
(b)
Assigned 3,000 direct labor hours costing $23,700 to
production. Standard hours were 3,120.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. Round per unit values to
2 decimal places, e.g. 52.75 and final answers to 0 decimal places,
e.g. 52.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
Journalize the following transactions for Cheyenne, Inc. (a) Incurred direct labor costs of $22,500 for 3,000...
Journalize the following transactions for Cheyenne, Inc. (a) Incurred direct labor costs of $22,500 for 3,000 hours. The standard labor cost was $22,950. (b) Assigned 3,000 direct labor hours costing $22,500 to production. Standard hours were 3,120. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to decimal places, e.g. 52.) No. Account Titles and Explanation Debit Credit (b)
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Warner Company purchases $53,700 of raw materials on account,
and it incurs $61,600 of factory labor costs. Supporting records
show that (a) the Assembly Department used $32,900 of raw materials
and $38,000 of the factory labor, and (b) the Finishing Department
used the remainder.
Journalize the assignment of the costs to the processing
departments on March 31.
Brief Exercise 16-2 Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor costs. Supporting records show...
Brief Exercise 17-2 Warner Company purchases $51,300 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $32,800 of raw materials and $40,900 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $18,200 on account. (b) Incurred factory labor of $40.500. Of that amount, $29,000 relates to wages payable and $11.500 relates to payroll taxes payable. (c) Factory utlities of s3,900 are payable, prepaid factory property taxes of $2.640 have expired, and depreciation on the factory building is $8.000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw materials of $18,200 on account. Incurred factory labor of $40,500. Of that amount, $29,000 relates to wages payable and $11,500 relates to payroll taxes payable. Factory utilities of $3,900 are payable, prepaid factory property taxes of $2,640 have expired, and depreciation on the factory building is $8,000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount...
Question 6
Journalize the following transactions for Marigold, Inc.
(a)
Incurred direct labor costs of $23,700 for 3,000 hours. The
standard labor cost was $24,150.
(b)
Assigned 3,000 direct labor hours costing $23,700 to
production. Standard hours were 3,120.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. Round per unit values to
2 decimal places, e.g. 52.75 and final answers to 0 decimal places,
e.g. 52.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
Journalize the following transactions for Cheyenne, Inc. (a) Incurred direct labor costs of $22,500 for 3,000 hours. The standard labor cost was $22,950. (b) Assigned 3,000 direct labor hours costing $22,500 to production. Standard hours were 3,120. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to decimal places, e.g. 52.) No. Account Titles and Explanation Debit Credit (b)
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